Archive for the 'Credit Adviser' Category

CIBIL – The Key to Indian Financial Sector

CIBIL is probably one of the less-appreciated success stories of India’s financial sector evolution. It is today, probably the back-bone of the relatively high-quality and disciplined retail credit build out in India. CIBIL has over 350 Mn accounts and adding 4 million new accounts every month – of which 30% are new accounts. Almost all […]

How to Switch On / Off Axis Bank Debit Cards ?

India’s leading private bank, Axis Bank has introduced an innovative feature from security stand point, for its Customers holding Debit Card. The feature lets you “Switch On / Off the Debit Card” for transactions. What does Switch On / Off mean ? It means that the Debit Card cannot be used when it is Switched […]

Axis Credit Card A/C Closed & Re-Opened – RBI Violation

A reader of our Advisory Services seek guidance in his case where he closed his Axis Bank Credit Card Account after having it for 5 years and never felt like accessing the credit line. Now Axis Bank has re-opened it and he writes as following seeking guidance under relevant Laws, Rules & Regulations guiding credit […]

VISA Reports Healthy Payment Metrics

For VISA Cards, US and Int’l payment volume growth held steady in the quarter. US purchase volume growth (+10% YoY) remained steady at last quarter’s level as tailwinds from the Chase credit portfolio conversion (from MA) were somewhat shadowed by slight deceleration in debit volume growth (likely a result of lower gas prices). International payment […]

Is Apple Pay a Threat to VISA ?

Silicon Valley innovator Apple Inc has unveiled Apple Pay electronic Payment Platforms using SmartPhones and NFC threatening older and established players like VISA and MasterCard. We analyzed on if it will be a threat in disrupting the card payment industry and here is our finding. Unlike PayPal, Apple Pay is not a P2P Payment mechanism. […]

Chinese Weixin “Swiping Card” Mobile Payment Platform

Chinese Internet Giant Tencent has ventured into the Mobile Payments Platform using “Weixin” also known as WeChat. It is available on both the iOS and Android platforms. Swiping Card has been incorporated into the wallet tab and allows Weixin payment users to make payments at offline retail stores. How does the System work from the […]